is $40 the new platform for ethereum’s ether tokens?

Ether prices have been hovering above $40 per coin as of late, indicating significant support for that price, according to several analysts.
Since 22nd March, ether, the cryptocurrency powering the decentralized application platform ethereum, has traded above this particular level.
During this time, ether has risen past $50 more than once, reaching as much as $53.78 on 29th March, according to CoinMarketCap.
Broad rally
The price of ether has been rising at a time when alternative assets have also been experiencing inflows.
Ryan Rabaglia, head trader for Octagon Strategy, which recently began making OTC trades for ether, also spoke to the growing interest in ethereum.